The American Gold Eagle Coins

The American Gold Eagle is the official gold bullion legal tender coin of the USA. It was first minted together with the American Silver Eagle in 1986.

The American Gold Eagle is the most popular gold bullion coin with investors both in the USA and around the world. It is a convenient and cost effective was to add gold investment into your portfolio.

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Composition American Gold Eagle Coin

Each American Gold Eagle is made of 22 karat gold or .9167 fineness. It is composed of 91.67% gold alloyed with 5.33% copper and 3% silver. It is designed to produce a wear-resistant coin. The weight of the coin is slightly higher to account for the non-gold metals in it.

The one troy ounce American Gold Eagle contains one ounce of gold, with a total weight of 1.0909 ounces. Each coin's metal content, weight and purity, are guaranteed by the U.S Government.

The American gold Eagle is a beautifully designed coin. On the obverse it features an Augustus Saint-Gaudens Liberty design. This particular design first appeared between 1907 and 1933 in the US $20 gold piece. The back of the coin features an American Eagle bearing an olive branch and flying above a nest containing an eagle and eagle babies.

The Gold Eagles are manufactured by the West Point Mint in New York and are thereby marked “W” beneath the date. There are four sizes of the American Gold Eagle- 1oz, ½ oz, 1/4oz and 1/10 oz. These coins are all identical in size, except for markings that show the size and face value of each coin.

Investing in American Gold Eagle Coins

The full 1oz gold coin has a legal tender value of $50. The law stipulates that the gold in each coin must come from within America. It is an assurance for investors who are concerned about conflict gold and want to make ethical investments.

The production of the American Gold Eagle Coins is limited each year.

The production figures range from 140,016 in 2007 to 1,505,026 in 1999. They can be bought directly from the US Mint, or from authorised distributors around the world.

Although considered legal tender at their face value, the gold contained in each coin is significantly more valuable that the legal tender value. This value is approximately the equal to the international spot price of gold and a small premium for each coin. This value changes with the market, and it not tied to the coins legal tender face value.

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The Gold Eagle is minted to compete with other gold bullion coins such as the Canadian Maple Leaf and the South African Kruger rand. It is an excellent way to add a gold investment to your portfolio. It is very liquid and readily convertible to cash, and can be bought, sold or stored with ease. It has made it the most popular gold bullion with investors in the world.

Storage

The storage of investment gold bullion coins is a critical decision for any Irish investor. Their portability, durability and compact size make them very easy to store. Considering their high value and the increased risk of burglaries in Ireland, it is advisable not to store valuables in your home.

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You have two primary options available:

  • Take delivery of your gold coins and store them at your address after ensuring you have adequate facilities and insurance
  • Use the secure facilities of a trusted third party.

GoldCore avails safe and fully insured storage facilities for our Irish clients in international jurisdictions such as UK, Switzerland, Hong Kong, USA, Australia, and Singapore.

In partnership with Sentinel Vaults, Ireland’s leading storage company for safety deposit boxes and document storage, GoldCore provides access to Sentinel Vaults secure storage at discounted rates. This secure storage facility is located in Ballsbridge, Dublin 4.

Refinery information

The United States Mint is one of the world's leading producers of gold and silver bullion coins. However, it primarily produces circulation coinage for the United States.

The US Mint was created by an Act of Congress in 1792 and later became part of the US Treasury in 1873. It is the sole producer of bullion and non-bullion legal tender coinage in the USA. It also manufactures numismatic products which include uncirculated, proof, Congressional gold medals, and commemorative coins.

Article 1, Section 8 of the United States Constitution States Congress shall have the power to coin money

When creating a new government for their new Republic, the framers of the new Constitution realised the necessity of a respected monetary system and honest money in the form of gold and silver bullion coins.

After the ratification of the Constitution, Alexander Hamilton, the Secretary of the Treasury personally prepared plans for the National Mint. The Coinage Act was then passed by Congress on April 2nd, 1972, creating the US Mint and authorising the construction of a Mint building in Philadelphia, which was at the time, the Nation's capital.

Remarkably, the Mint Building was the first federal building erected under the Constitution. To possess a beautiful US bullion coin is to connect to the very founding principles of the US and its vital history.

The American Gold Eagle is valued by investors and people in general. It is because they are a store of value, and also because they encapsulate America's national ideals. Designed in a form that can be passed from hand to hand, and generation to generation, these bullion coins reflect important values and traditions.

Through learning to count with pennies, or the significance of saving through the weight of piggy banks, coins are valuable tools for educating younger generations about saving, wealth creation, and wealth preservation.

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